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Re: New info found on SOL in Ohio-Whychat, poorlawyer, others-please comment


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Posted by Why Chat (209.240.222.130) on August 22, 2002 at 13:33:20:

In Reply to: New info found on SOL in Ohio-Whychat, poorlawyer, others-please comment posted by orange dog on August 22, 2002 at 10:21:27:


The statutes you posted do not refer to book accouns, or revolving charge accounts, thy rfer to exactly what they say. On my website for Ohio, Ihave the correct sttutes, which I am posting here- it is 4 years for cc accounts.
OHIO
OHIO STATUTE OF LIMITATIONS
AND CC EXCLUSION FROM WRITTEN CONTRACTS
 § 2305.09 Four years; certain torts.
 
Text of Statute
An action for any of the following causes shall be brought within four years after the cause thereof accrued:
(D) For an injury to the rights of the plaintiff not arising on contract nor enumerated in sections 2305.10 to 2305.12, 2305.14 and 1304.35 of the Revised Code.
DEFINITION IN OHIO CODE EXCLUDING CREDIT CARDS AS WRITTEN CONTRACTS
1335.02 Loan agreements with financial institution.
 
Text of Statute
(A) As used in this section:
(1) "Debtor" means a person that obtains credit or seeks a loan agreement with a financial institution or owes money to a financial institution.
(2) "Financial institution" means either of the following:
(a) A federally or state-chartered bank, savings bank, savings and loan association, or credit union, or a holding company, subsidiary, or affiliate of a bank, savings bank, or savings and loan association;
(b) A licensee under sections 1321.01 to 1321.19 of the Revised Code, or a registrant under sections 1321.51 to 1321.60 of the Revised Code, or a parent company, subsidiary, or affiliate of a licensee or registrant.
(3) "Loan agreement" means one or more promises, promissory notes, agreements, undertakings, security agreements, mortgages, or other documents or commitments, or any combination of these documents or commitments, pursuant to which a financial institution loans or delays, or agrees to loan or delay, repayment of money, goods, or anything of value, or otherwise extends credit or makes a financial accommodation. "Loan agreement" does not include a promise, promissory note, agreement, undertaking, or other document or commitment relating to a credit card, a charge card, a revolving budget agreement subject to section 1317.11 of the Revised Code, an open-end loan agreement subject to section 1321.16 or 1321.58 of the Revised Code, or an open-end credit agreement subject to section 1109.18 of the Revised Code.




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